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Impulsive

BTC Triangle pattern BREAKOUT Imminent!BITBAY:BTCUSD BINANCE:BTCUSDT Hi , I hope you're doing well . After 20 days or so of being in this triangle pattern we will have a breakout in about 24 hours. So as you can see since we've had entered this pattern the price volatility and the range of price movement has decreased significantly ( As shown in the ATR indicator ), this indicates that in case of breakout we'll have impulsive movement either towards down or up. The measured price target for this triangle is about 49000 and 25000 . Because symmetrical triangle is a continuation pattern (the trend coming out of the symmetrical triangle is more likely to be same as the trend that goes in to the pattern) it is more likely to breakout downwards, but in this case I don't think that we'll go for the measured price target which is 25000 but instead we will have a final shake out and dump to about 30000 level which matches with wyckoffs accumulation pattern (phase C) : academy.binance.com If you found my idea helpful like and leave your opinion in the comments and follow me for more!!!;) tnx
BITSTAMP:BTCUSDLong
by arshia3h
Gold Rush Soon?Gold has been making noticeable corrective & impulsive moves between 1785-1797 . It resisted at 1797 as predicted, and also is what caused the corrective move back down to 1782 . Strong impulsive move was also noticed after 1782 was tested; could expect a bull run (impulsive) towards 1792-1810 . If Gold cannot break 1795 , and closes under that price, we could expect another corrective move down back to 1785-1780 , within 2 hours or so. NOTE: Please do not take this as confirmation as buy/sell signal. This is my general idea and opinion on Gold's momentum.
G
by UnknownUnicorn18841315
📚 Understanding Price Action - Impulsive & Corrective Moves 📚For every currency pair, all the price action can be broken down into 2 different waves. Impulse waves and corrective waves. Both of these waves have the same patterns within them such as flags, ascending/descending corrections, channels etc. The tip to finding out what phase we're in is to zoom out to a bigger timeframe and look at price action as a whole and ask yourself "is this impulsive or is this corrective". Once you understand that, you can more often than not understand where price will be going next. For CADJPY, we are in a flat ABC triangle and we are approaching the upper limits of the triangle. We also are in an ABC correction. On the smaller timeframe, if things line up, we can get in at the very top of the impulse and ride this back down! Try spotting corrections and impulses and watch how your chart game levels up!
Education
by WicktatorFX
11
How to Trade Price Action Daily!Hello Fellow Traders, Here is a Educational Video (How to Trade Impulse/Correction/Impulse) . Key things to Remember: When Trading This Type Of method - You Should Always have an Open mind when it comes to "Where the Market will Finish The correction" The Strongest Levels of Fibonacci is the 61.8 & 38.2 (These Are Generally the levels that the Market Loves to Finish its correction) The Best way to follow This Method is if the following conditions apply. Conditions - 1. Look & Find a Big Impulse On bigger Timeframes (Weekly, Daily or 4Hours) 2. Wait for The Market to Finish its Impulse (You will notice the market starts to move the opposite direction to the original Impulse) 3. Pull Your Fibonacci From The Start Of the Impulse to the End of the Impulse Aka ( From high to low = Sell OR Low to High= Buy) 4. Be Patient and wait for the Market to Reach the Aka Strong Levels (61.8 Or 32.8) OR Which Ever is Better Align With Good Structure! 5. Once you Have a smaller Timeframe break of structure or Momentum Change (You will look for an Entry Based on Market Environment + Structure) 6. Enter Your Trade Preferably of 1hOur Or 4hour Timeframe (whichever has given confirmation mentioned in point 4) 7. Always Use Risk Management / 1% Risk to Trade Entries using this Method 8. Patience is the Key to Success! Let Me know if you have any Questions or Comments Below! Your Support Is Appreciated! Happy Trading & Goodluck! See You in the Next Educational Video! Global Fx Education
Education
by Global_Fx
Harmony Building a foundation April 7th was my initial bottom for harmony but then an unexpected correction came on April 18th pushing the price down even further. Here's my update on Harmony I think we are seeing an Impulsive reversal forming. If we can continue to see some buildup(Consolidation) on the way up instead of a Moonish move straight up I think harmony is primed to hit $1 by the summer time. SHORT TERM PRICE PREDICTION($0.35) (NOT FINANCIAL ADVICE) DO YOUR OWN RESEARCH!
BINANCE:ONEUSDLong
by BDACrytis
AUD/CAD SHORT IDEAMensal + week -It seems to be finalizing a BULL retracement wave Daily - You can see this same retraction wave (monthly + weekly), touching 4 times the trendline support. - Finally at 5 touch broke that same line, and also the moving average of 50 - It is possible to observe the breakage of the horizontal resistance zone, marked through the upper zone of the blue rectangle, at the price 0.97139 (doing some extra bouncing now) -For more entry security, you can wait for the support observed in the lower area of the Blue Rectangle to break, and go short after that.
Short
by FiboTheMan
NZDCHF PA Range| .382 Fibonacci| Stoch Buy Cross| 21 EMAEvening Traders, Today’s analysis – NZDCHF- deviating back to range low where support is probable, Points to consider, - Price Action Impulsive - Range Low Support (.382 Fibonacci Confluence) - 21 EMA Resistance - RSI Bullish Control Zone - Stochastic Buy Cross NZDCHF’s immediate price action is trading towards Local S/R that has technical confluence with the .382 Fibonacci. A bounce here is highly probable, allowing for a bullish bias. The 21 EMA is current dynamic resistance, breaching this in the immediate short term will show convicting in price action. The RSI is trading in its bullish control zone, maintaining these levels are indicative of strength. Current stochastics has a valid bullish cross coming to fruition, confirmation will signal an immediate momentum shift. Overall, in my opinion, NZDCHF is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, “You never know what kind of setup market will present to you, your objective should be to find opportunity where risk reward ratio is best.” ― Jaymin Shah
Long
by AzizKhanZamani
CADJPY 81.348 + 2.82 % SHORT IDEA * PRICE ACTION & CORRECTIONHEY EVERYONE At it once more here's one on the CANADIAN DOLLAR / YEN the pair just spiked with the bulls now showing signs of slowing down in momentum as the pair approaches resistance level 81.554, waiting to watch price on this one as I've set a trigger zone where i'll be watching price before looking for that correction to the down side it possible the pair may not hit this trigger zone but strategies are in place if this happens as always for entries we scale down to smaller time-frames to determine entries and so forth. many stars must align with the plan before executing the trade, kindly follow your rules. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES here's some of my rules if they help. 1. look at structure be it descending channels, pennants and so forth. 2. RSI is overbought/oversold so will be looking for a pull back to structure before continuation. 3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term. 4. aggressive trades can be executed on the pull back 5. price action must definitely align with the plan.' 6. structure definitely 7. the 20 EMA must be respected as support / see a bounce at this structure 8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S . 9. CANDLE STICK PATTERNS. so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan. RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
1
Elliott wave : Simple zigzag Bearish & Bullish market Hello , I am back with my new idea . "Elliott wave concept" you can see this is Zigzag in bullish market zigzag : ----------------------bullish market----------------------- --------------------------------------------------------- ---------------------bearish market------------------------- we see zigzag in corrective waves 2,4 & B wave A always makes 5 wave which is 1,2,3,4,5 or it can make Leading diagonal wave C always makes 5 wave which is 1,2,3,4,5 or it can make Ending diagonal wave B never ever move beyond wave A and it subdevided into 3 waves or we can see zigzag , flat , double zigzag , combination etc. wave C frequently always ends beyond starting point of wave 1 --------------------------------------------------------------------------------------------------------------------------------------------- Ratio of Retracement Normally Retracement of wave B : 38.2% to 78.6% of wave A + if wave B is Triangle : it retraces 38.2% to 50% + If wave B is Zigzag : it retraces 50% to 78.6% of wave A + if wave B is running triangle wave b can be 10 to 40% of wave A Thanks for your valueable time
Education
by Trade-Technique
6
Looking for more longs on EGThe targets for the break of the previous channel (sent to our students) were hit perfectly, before we saw a retrace back down. The beautiful thing about the retracement is that it appears to have moved directly into a new descending channel. I think we are likely to see a little more of a dip before this pair moves away, but i for sure will be looking for longs on this pair with either a strong rejection of the marked lower level (.902) Or with a break and pullback of this channel top. this level gives a nice confluence in also being the 618 on the fib retracement on the trend move in the day/week view. We have nice divergence across our histo to vouch. Now its just time to let the markets wake on Sunday night, reveal a little more price action and find a confirmed entry ideally in the 4 hour. If we can get the break of this channel, .924 & .934 are the targets. I have another more ambitious target further up, but for now that will do.
Long
by TeePeeFX
Bears All Over EURAUD! Hello traders, EURAUD made a firm drop, down from 1.98 high, which was set in March. We can see that price made a five-wave development, which is first evidence for a bearish trend being made. That said, a five-wave movement has also found a low in June, so recent recovery can belong to a correction within a trend (wave B/II). We are observing an A, B, C move, which can face resistance at the 1.677/1.745 level, or if price makes a deeper correction at the Fib. ratio of 50.0 or 61.8 (1.79/1.83 level). Trade well, the EW-forecast team
by ew-forecast
6